For at least the last 10 years the Australian economy has allowed SMEs and SBEs to trade profitably. However, because of recent drought, bushfires and, now, the COVID-19 pandemic it is likely that the Australian economy will fall into recession despite the massive fiscal stimulus response from Federal, State and Territory Governments.
This session, our third in a series of Tax Issues in Recessionary Times, looks at issues relating to the extended JobKeeper scheme and cashflow boost receipts by PSI companies.